Kaprizov’s massive extension reshapes the upper end of the NHL pay scale and signals how teams will structure stars going forward, while McDavid’s next deal looks set to lean shorter in years but still carry a high AAV in the right market. The ripple effects hit the next tier of players—Eichel, Kempe, Tuch, Necas—whose comps rise as teams balance star power with cap flexibility. Jets’ Connor remains a focal point in Winnipeg’s ongoing negotiation landscape.

UFA markets, signing bonuses, and tax advantages—especially Vegas—will influence contract structures across the league. Fantasy managers should track who benefits from a tightened cap and who may lose slotted opportunities to new high-dollar signings, with an eye on teams prioritizing offense and window timing.